Whole Section

  • 7.5 Total Net Balance

    • 7.5.1

      Throughout the Settlement Day, the value of the Principal's transactions matched and validated in advance shall be added to the value of the Principal's other matched and validated transactions due for settlement on the Settlement Day and set-off on a continuous basis so as to arrive at a total balance, known as the total net debit or net credit balance, at any particular point of time during the Settlement Day.

      Amended on 3 October 20093 October 2009.

    • 7.5.2

      The total net balance at any particular point of time during the Settlement Day shall be calculated by the following formula:

      [(A - B) + (C - D)]

      where A = is the total value of all matched and validated receiving instructions due for settlement on the current Settlement Day
      B = is the total value of all matched and validated delivery instructions due for settlement on the current Settlement Day
      C = is the total value of all receiving instructions matched and validated in advance on the current Settlement Day
      D = is the total value of all delivery instructions matched and validated in advance on the current Settlement Day.

      Amended on 3 October 20093 October 2009.